3123 Earl DrSpring ArborMI49283
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spring Arbor at 3123 Earl Dr, Spring Arbor, MI, 49283 earns $61/mo cash flow from $1,643/mo rent with a $1,174/mo payment. Total monthly income totals $1,643/mo, and annual cash flow totals $734/yr on $79,527 capital. ROI tracks 20.83% on current figures, and rental yield reads 8.22% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 108.38% and total cumulative return in cash sums $86,191. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,643/mo property income instead of your personal income.
Single Family
Built in 1963
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49283, Spring Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,460 (100%) |
| Owner Occupied HU | 964 (66.0%) |
| Renter Occupied HU | 406 (27.8%) |
| Vacant Housing Units | 90 ( 6.2%) |
| Median Home Value | $233,794 |
| Average Home Value | $245,931 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,142
Multi-Family
194
Businesses
105
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Listed by: HEATHER HERNDON • HOWARD HANNA REAL ESTATE SERVI
Mls Name: MichRIC
Mls ID: #25037930